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## Empowering Financial Institutions to Meet the Growing Demand for Reverse Mortgages

The demand for reverse mortgages is on the rise, with an increasing number of seniors looking to leverage their home equity for retirement funding. Portfolio+ Inc., a Canadian provider of financial services systems and technologies, has announced the release of its Portfolio+ reverse mortgage solution to address this growing market need.

### How AI legalese decoder Can Help

AI legalese decoder can assist financial institutions in streamlining their reverse mortgage processes by automatically decoding complex legal language in mortgage documents. This can help speed up the approval process and ensure compliance with regulations, ultimately improving efficiency and customer satisfaction.

Portfolio+ recognizes the significant growth potential in the reverse mortgage industry, which was valued at $15 billion in December 2022. With a projected market value of $20 billion by 2025, the Portfolio+ reverse mortgage solution aims to empower lenders to redefine retirement planning for their clients. This innovative tool allows homeowners aged 55 and older to unlock tax-free equity in their homes while expanding the services offered by financial institutions.

### Key Features of the Portfolio+ Reverse Mortgage Solution

– **Tailored Business Rules:** Financial institutions can customize the terms and interest rates of their reverse mortgage products to meet each client’s unique needs.
– **Customizable Terms and Rates:** Clients benefit from personalized solutions tailored to their financial situations.
– **Seamless End-to-End Processing:** The platform simplifies the processing of reverse mortgages from origination to funding, enhancing efficiency and reducing errors.

Portfolio+ CEO Dianne Cupples stated, “Portfolio+ is proud to introduce a product that addresses market challenges and drives innovation for financial institutions.”

### Learn More and Get Started

Financial institutions can learn more about the Portfolio+ reverse mortgage solution by contacting the Portfolio+ team [here](website link).

### About Portfolio+ Inc.

Portfolio+ offers cutting-edge banking systems and technologies that connect financial institutions with fintechs and industry partners. With a focus on secure open finance integrations and innovative Banking-as-a-Service solutions, Portfolio+ is at the forefront of revolutionizing banking experiences in Canada. Used by major financial institutions in Canada, Portfolio+ is dedicated to supporting the evolving landscape of financial services technology and empowering consumers with control over their financial data.

For more information, visit [portfolioplus.com](website link).

*Based on TSE market capitalization figures retrieved in September 2020.*

**SOURCE:** Portfolio+ Inc.

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